Post
Topic
Board Altcoin Discussion
Re: NFT OR MEMES
by
savetheFORUM
on 03/07/2023, 17:38:03 UTC
NFT's and memes has different purposes. NFT's are unique digital assets that can be bought and sold like physical assets. They are often used to represent ownership of digital art, music or other creative works. Memes are typically humorous images or videos that spread virally across the internet. NFT's has their potential as a new form of investment and revenue stream for artists. They offer a way to monetize digital creations that were previously difficult to sell. The market for NFT's can be volatile and unpredictable and they can contribute to the growing wealth gap in society. Memes are form of entertainment and social commentary. They can bring people together through shared humor and cultural references. They are often used to express opinions on current events or to poke fun at popular culture. Memes are not typically monetized but they can be used to raise awareness. It would still depends of individual perspective whether to invest in NFT's or Meme coin.
Though I'm not a very big fan of NFTs as well, I still consider them to be way better than meme coins if one thinks of making an investment. If one does some research and finds NFTs that are trending and selling at the moment, they might be able to earn some profit on them if they buy them and put them up for sale with some percentage above the price they've bought them for, and if they can promote them well, they will be sold for sure.

On the other hand, meme coins can only make you lose money if they don't successfully gain enough hype in the community because their value-gaining mechanism is solely based on market and community hype and they are nothing without that, they will die off if they don't get the attention of millions.